China prepares to wreck iron ore market

Advertisement

From the AFR:

Veteran political commentator Laurie Oakes, writing in News Corp tabloids at the weekend, said that “several” applications had recently been lodged with the Foreign Investment Review Board that would affect mining companies. The applications “raise the possibility of significant upheaval in the iron ore industry and ownership of sections of it over the next 12 months”, Mr Oakes wrote.

…A government source said the level of activity could not be described as a flurry, although it was “interesting”. It is believed the applications being submitted relate to on-market activity, not to a wholesale takeover in the iron ore sector.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.